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I'm still not clear on why someone would want a #stablecoin in the first place. Since their value is tied to dollars (or another national currency), one can just use the nation's fiat currency instead a hybrid #cryptocurrency.
https://nu.federati.net/url/282223 (seen because Guizzy posted the link earlier). [dailyhodl com]
It seems that Itchy ( #ICHI ) is behind several stablecoins already.
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> Stablecoins have become an indispensable tool for making cryptocurrencies suitable for payments – but existing options all come with tradeoffs. Popular stablecoins like USDC and Tether rely on centralized issuers and remove value from other cryptocurrencies that have to be sold to mint coins (much like how selling a stock decreases the value of that stock). Automated smart contract-based fiat-pegged stablecoins like DAI require the user to overpay for the value of the stablecoin that they receive.